Sunk Costs in the Hobby Video

[Hankphenom]

Try having a table with nothing but memorabilia, the buying and selling of which is a lot more art than science. You're always guessing both ways, and have to be nimble unless you want to cart the same stuff around from show to show, which some old-time dealers seemed to do little but. It's challenging but also great fun, and when you hit one out of the park you feel like a genius. But if something sat undisturbed and unasked about for more than a few shows, I had no problem re-pricing until I found the market I had overestimated when I bought it. I might have lost money on 15-20% of my inventory over the years, but not much on any given item and the total of losses was small in comparison with the gains or I wouldn't have done it for long.